This arrangement provides income to the Sigma Phi Epsilon Educational Foundation for a period of years, after which the trust property typically passes to the donor's heirs.
Income-producing assets (such as stock or real estate) are irrevocably transferred to a trust. The Educational Foundation receives income from the trust over a specified number of years, after which the property in the trust is transferred to the heirs without the imposition of any additional taxes. An immediate charitable deduction on your gift tax return is available for the present value of the total income stream the Foundation will receive during the term of the trust. Charitable lead trusts can reduce or eliminate the gift and/or estate tax that would normally be payable on the transfer of these assets to your heirs.
For more information, contact:
Matt Parrish, Director of Advancement
Sigma Phi Epsilon Educational Foundation
310 South Boulevard
Richmond, Virginia 23220
phone: (804) 510-0032
fax: (804) 359-8160